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Dec 4, 2012
12/12
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governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $
governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have...
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Dec 4, 2012
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. >> reporter: president obama is keeping a close eye on a week lon strike at two southern california ports. 800 members at the port of los angeles and long beach have been working without a contract for two years. the clerks don't handle cargo but dock workers are refusing to cross picket lines forcing a shutdown of those terminals. the strike is costing the u.s. up to $1 billion a day and it could delay shipments of holiday gift merchandise. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balanc
. >> reporter: president obama is keeping a close eye on a week lon strike at two southern california ports. 800 members at the port of los angeles and long beach have been working without a contract for two years. the clerks don't handle cargo but dock workers are refusing to cross picket lines forcing a shutdown of those terminals. the strike is costing the u.s. up to $1 billion a day and it could delay shipments of holiday gift merchandise. >>> president obama will host a...
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Nov 29, 2012
11/12
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today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward. the winning numbers, 5, 16, 22, 23, 29 and powerball 6. the winners will split a jackpot of more than $587 million. second largest in u.s. lottery history. later in the broadcast, a report from anna warner on the down side to lottery fever. addictive gambling. that's later on this morning. this morning the west coast is getting ready for the second of three back-to-back storm systems, the so-called pineapple weather system started in the hawaiian islands. some call it a train. a mix of powerful torrential rains and strong winds. it has knocked down power li
today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward....
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Dec 4, 2012
12/12
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this comes after president obama issued a warning to assad not to use chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >>> so how far would you go for your child's education? the chaos as parents try to sign their kids up to a school. >> who knew what could you find at good will. the treasure one woman stumbled upon for $12. we have it coming up. ,,,,,,,, welcome se my lcret d you are?air.an your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef patties, lettuce, melting cheese, pickles, and middle bun, plus fries and a drink for $4.49. and now you will tell me what is in your secret sauce!! uh, i think i know. "we all know," "pretty obvious." you couldn't tell me when i handed out the wiener-dog lasers!?! they raced to sign their chd up for a spot at a-j whitteg >>> oh, my god, seriously. >> yeah, seriously. parents stampeding to sign up their children for a spot at an elementary school in south carolina which is apparently popular. the district's
this comes after president obama issued a warning to assad not to use chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >>> so how far would you go for your child's education? the chaos as parents try to sign their kids up to a school. >> who knew what could you find at good will. the treasure one woman stumbled upon for $12. we have it coming up. ,,,,,,,, welcome se my lcret d you are?air.an your worst nightmare...
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Nov 29, 2012
11/12
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first lady michelle obama invited military families today for a tour of those decorations. >> with that the rockefeller center christmas tree in new york city is all lit up. the 80-foot norway spruce came from new jersey and it was decorated with more than 30,000 multicolored lights. it's such a beautiful sight. >> have you been there before? yeah. >>> i have never seen the tree. >> gorgeous. >>> this would have been nice. a powerball dream come true. two tickets were picked all the right numbers in the biggest jackpot ever. ticketholders will split $588 million. 5, 16, 22, 23, 29 and a power number of 6 were the numbers. one winner is in arizona, one in missouri. the odds of winning last night's jackpot one in 175 million. you're more likely to be elected president or hitting two consecutive holes in one. probably both at the same time. [ laughter ] >> no kidding. >>> the jackpot triggered a ticket buying spree but not here in california. the lottery commission is meeting trying to hammer that would allow the golden state join the big party. the 42 states that all take part in the powe
first lady michelle obama invited military families today for a tour of those decorations. >> with that the rockefeller center christmas tree in new york city is all lit up. the 80-foot norway spruce came from new jersey and it was decorated with more than 30,000 multicolored lights. it's such a beautiful sight. >> have you been there before? yeah. >>> i have never seen the tree. >> gorgeous. >>> this would have been nice. a powerball dream come true. two...
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Nov 30, 2012
11/12
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the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he
the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president...
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Dec 7, 2012
12/12
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. >> as for the crisis in cairo, president obama has made a phone call to egyptian president mohammed morsi. he expressed concerns about the deaths and injuries of protesters outside morsi's palace. demonstrators are upset about the new unrestricted powers morsi gave himself. >>> looks like authorities in belize will have to wait to question john mcafee. he's back in a georgia georgia tamilian jail. he asked for asylum there. he's wanted for questioning about murder in belize. >>> to reach an agreement on a plan to avoid the fiscal cliff. financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are br
. >> as for the crisis in cairo, president obama has made a phone call to egyptian president mohammed morsi. he expressed concerns about the deaths and injuries of protesters outside morsi's palace. demonstrators are upset about the new unrestricted powers morsi gave himself. >>> looks like authorities in belize will have to wait to question john mcafee. he's back in a georgia georgia tamilian jail. he asked for asylum there. he's wanted for questioning about murder in belize....
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Dec 5, 2012
12/12
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house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that long. she died peacefully yesterday in an assisted living home near atlanta. the title of world's oldest person now belongs
house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an...
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Dec 3, 2012
12/12
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. >> reporter: president obama wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present their own ideas. >> we can't try to figure out what works for them. they have to tell us. >> reporter: but secretary geithner made it clear, there will be no deal that does not include a tax hike on the wealthy. >> there's not going to be an agreement without rates going up. >> reporter: no formal negotiations are on the schedule here. and many believe it will take a week for the real work toward a solution to get under way. susan mcginnis, cbs news, washington. >>> how minority leader nancy pelosi says she will try to force a vote today on a senate- passed bill that democrats support but it is doubtful she will get republican support to get it to the house. >>> time now 5:10
. >> reporter: president obama wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present their own ideas. >> we can't try to figure out what works...
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Nov 29, 2012
11/12
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. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning tickets sold in arizona and missouri. californians may be able to cash in though on powerball prices next year. it's not in our state but lottery officials are meeting this morning up in sacramento trying to hammer out details that would allow the golden state to join the 42 other states in the powerball drawing. california state officials say by adding powerball sales would add an additional 90 to $120 million in revenue. it cost $2 to play the game and the jackpot goes up as you can see -- >> you have friends where? >> back in new england and new hampshire i had a buddy buy 10 for me $20, i won $3. i'm a winner. [ laughter
. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning...
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Dec 6, 2012
12/12
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president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courthouse in seattle. the state has a three-day wait
president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done...
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Dec 3, 2012
12/12
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>> are you worried about obama care, how you provide health care? >> not worried yet. when i hear the numbers, i might be. because we spend millions and millions today on health care, we don't know exactly how much more we'll pay. those businesses that don't cover their employees, they'll be in for a very expensive situation. >> you're expanding overseas. >> we are. it's the new exciting time for us. we've gone global. we've licensed our company -- our concept to el shia who is in 18 countries. >> in the middle east. >> in the middle east. we thought they were a nartr in that really knew what they were doing. we opened two, one in kuwait and one in dubai which are three hour waits for anything more than six. >> is it the same food? >> the only thing we change is we took out alcohol and pork, and we're using hall legal. our portions are the same size, our menu is the same and they love it. they absolutely love it. we have lines from the minute we open the door to the minute we close at midnight. it is really phenomenal. next year we'll be going to jetta and beirut and,
>> are you worried about obama care, how you provide health care? >> not worried yet. when i hear the numbers, i might be. because we spend millions and millions today on health care, we don't know exactly how much more we'll pay. those businesses that don't cover their employees, they'll be in for a very expensive situation. >> you're expanding overseas. >> we are. it's the new exciting time for us. we've gone global. we've licensed our company -- our concept to el shia...
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Nov 30, 2012
11/12
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democrats are calling president obama's plan to avoid the fiscal cliff an opening bid. some republicans have different words for it, joke. >> major garret is at the white house and reports on the president's plan and the strong reaction it got from republicans on capitol hill. major, good morning. >> reporter: good morning, charlie and norah t. the white house brought real numbers and republicans called them an insult, concocted in never neverland. so much for a week of work here in washington to avert what's called the fiscal cliff. treasury secretary tim geithner gave house republicans new ideas on resolving the fiscal cliff. and left with their anger ringing throughout the capitol. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. i've got to tell you, i'm disappointed. >> reporter: here are the big white house numbers. for $4 trillion deficit reduction in ten years, $1.6 trillion comes from households earning more than $250,000 a year. $400 billion in entitlement cuts in program like medicare and med
democrats are calling president obama's plan to avoid the fiscal cliff an opening bid. some republicans have different words for it, joke. >> major garret is at the white house and reports on the president's plan and the strong reaction it got from republicans on capitol hill. major, good morning. >> reporter: good morning, charlie and norah t. the white house brought real numbers and republicans called them an insult, concocted in never neverland. so much for a week of work here in...
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Dec 7, 2012
12/12
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officials are saying the negotiations are now in the had hands of two men, president obama and house speaker eer jo boehner. bill plante is at the white house. good morning. >> reporter: good morning. and good morning in the west. the president has stepped up his rhetoric, warning failure to fix the fiscal crisis could sour the christmas season. as another day passed without any real progress, president obama ventured out to push his claim that the middle class will suffer. ♪ you better watch out you better not cry ♪ >> at the national christmas tree lighting, president obama joined the holiday mood. but earlier, visiting a middle class virginia family, he threatened that congress could ruin the christmas season. if it doesn't act, the administration says, middle class tax bills will increase by $2,000. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stress there is going to be. >> reporter: what may raise the stress level even further is the promise that both the president a
officials are saying the negotiations are now in the had hands of two men, president obama and house speaker eer jo boehner. bill plante is at the white house. good morning. >> reporter: good morning. and good morning in the west. the president has stepped up his rhetoric, warning failure to fix the fiscal crisis could sour the christmas season. as another day passed without any real progress, president obama ventured out to push his claim that the middle class will suffer. ♪ you better...
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Dec 5, 2012
12/12
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no, i think -- one of the things about president obama, he is very tough minded. and i think his decision to go after bin laden, his decisions on afghanistan in terms of the troop buildups, this is a guy actually who relishes making decisions. and it was one. things that surprised me most about him. here is somebody who before he became president had really never run anything. but he is very deliberative when he has the time to be deliberative. but i've seen instances also where he had to react very quickly and he didn't hesitate. so i think it would be a mistake, particularly on bashar assad's part, to underestimate him. >> simply cannot go beyond trying to maintain themselves in power? they seem not to be willing to make a wise decision to let go. >> first of all, the assad family and the shia minority in syria have repressed the sunni and other relingious and ethnic groups in syria for decades. there is a score card that those other groups will want to even, of massacres and executions. and i think one of the reasons assad is fighting so hard is that they have
no, i think -- one of the things about president obama, he is very tough minded. and i think his decision to go after bin laden, his decisions on afghanistan in terms of the troop buildups, this is a guy actually who relishes making decisions. and it was one. things that surprised me most about him. here is somebody who before he became president had really never run anything. but he is very deliberative when he has the time to be deliberative. but i've seen instances also where he had to react...